The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1887-11-25
NATIONAL FINANCES.

| NATIONAL FINANCES.
Annual Report Of the United states Treas.
urer-InteFesting Financial statistics.
| WASHINGTON, Nov. lathe annual 70
port Of Mr.. James W. Hyatt, Treasurer Of
the United States, shows that the revenues
Of the Government for the fiscal year ended
June 81 1857, were s37LA02s77. ana the
ordinary expenditures ea67, 9S2, i7v; the sur
plus receipts available for the reduction oil
the public debt being $l08, 41l,097. As com.
pared with tho previous year the receipts
increased 81, 963, $50, the expenditures s25.-
449,O41, and the surplus revenues So, 5l4, SUD
There was an increase IN every item Of
revenue, tho largest being in the receipts
for customs. The largest in crease in the
expenditures was ON account OF Indians
and pensions, aud the largest decrease on
account OF interest on the public debt The
receipts Of tho Post office Departmcn,
amounted to s54, 752 347 and the expendi.
lures to S53, 5S3N2l The revenues, ex.
elusive of deficiency appropriations, in.
creased s., 5OO, 4J5, and the expenditures g,
wi. 20 The amount drawn from the treasu-
ry to make good the deficiency in the postal
revenues was q. 969, l3S, rs against IS, ia
400 in 1856
The operations Of the year involved the
redemption Of S127, Oil $50 in United States
bonds, of which Al, o!4 20 was on account
Ut the sinking fund; the issue Of nearly
O0,0OO drafts and checks; the redemption
J Of upwards Of sl93, OIC, 100 in United States
paper currency and national bank notes,
and the handling OF $40, 0OO, 900 in United
! States bonds deposited or withdrawn BY
national banks.
Statements Of the assets and Liabilities
OF the treasury are gwen for the close Of
the fiscal year, and Tor September b and
| October 81, 1887, in comparison with the
| same days last year. The largest Increase
in any item OF assets during the year
| ended September b was S3i, sU5, 623 in gold
coin and bullion, and the largest decrease
SIG, 143, ISL, in silver dollars and bullion.
The largest increase in the liabilities was
| in the fund for the retirement of national
bank notes, which ran up from $65,6l2, 547
to SlGee, 35, Isl. The available balance de-
creased S26, 132, 524, and the total balance,
including fractional silver and minor coin,
fell off $2S, 26, g5l. During tho year ended
October 81 the gold balance increased SA,-
:22 ,f53 the silver balance decreased <2l, 2S7,-
1i2 and the total balance ran up 81, go 2oS3.
The total assets at the end Of this period,
exclusive Of certificates and other obliga-
tons held as cash, were s3l0, 100 965, and
the total liabilities, s2G2, AZ, 226O.
The statement Of United States notes
outstanding shows that between June 30,
1884. and September 80. 1887, the circula.
tion OF 81 and 81 notes ran down from ISL.
5OJ, 600 to SIS 10000. This decrease has
been made up by changes in other denom-
nations, the volume of Cos, SOS and SOS
increasing about 81, OcO,OOO. The ship
ments Of legal tenders and silver ccrtii-
Gates Of small denominations, together
with the increase in the circulation of Sill
yer coins, during the fifteen months ended
September 30 amounts TO upwards of $I40,-
OOlWO, while in addition several million
dollars in small gold coins have been given
into circulation.
Under the provisions Of the act of June
s, 1872, certificates OF deposit amounting
to $'4 0O0,CO were issued during the
fiscal year for United States notes lodged
in the treasury. The redcmptions in the
same period were Si3,9D,OO0. There re-
mained outstanding June 81 only 81, O3O OOO,
which Is the least amount shown ut the end
OF any fiscal year since the issue began
The Treasurer attributes the limited use of
these certificates at this time to the change
in bank reserves from notes to coin and the
demand for currency caused by business
activity.
There were no gold certificates issued
during the year. The redemptions amounted
to S9, 6S7, 4S. or the total OF Sl,l733 54. $50,
issued from November, 1865, there were
outstanding at the close OF the year $l2l,- |
sS6SI7, OF which $50 PSI, $50 were in the
treasury and $yk2o5, 437 10 circulation. The |
holdings OF the treasury decreased nearly |
SIS OOOOJO in the year. The amount out |
standing October 81 was $l32, $40, 93l, of |
which the treasury held $50 SIS, 15S
Between the end of the fiscal year and |
October II the number of depository banks |
was increased from 200 to DO At the lat |
ter date the treasury held bonds of the |
market value OF s4l, 04S, 336 to secure S3l,. |
767, AS Of public moneys on deposit with !!
these institutions, an increase Of over So |
0O,OOO IN the market value OF bonds held,
and Il little more than SS,OOo,0oO IN moneys |
secured for the period. The receipts OF
public funds by the banks during the year
were SIS, 49,, 769, making the aggregate
from the beginning Of the system little !;
short Of s45OO. SOO,0N There was a de-
crease Of $S4, Cos 100 during the year in
bonds held to secure the circulation Of MT
tiOnal banks, leaving on deposit Sl9l, $685.
spVs dkdluSI WHICH tucTC was outstanding
$lG6, 625, G5S in national bank notes.
The silver certificates outst anding at the
close of the fiscal year amounted to S145,-
543. 1oO, an increase OF nearly s3l,O0O.OOO in
twelve months. The same amount in the
treasury fell IF in the same period from
nearly <2S, ON, QUO to S. 425, l33, while the in
crease in the actual circulation was a little
more than So, OOO, COO. This increase is due
in part 10 the demand for small notes
arising from the discontinuancc of the
issue OF legal tender ones aud twos. There
were put out during the year Sl4 1j6, 600 in
81 certificates. $S,976, 900 in e, and 81, &c.,
OUO in s.. The Treasurer believes that
nearly all the trade dollars have been re-
deemed. The coinage Of standard silver
dollars for the fiscal year was $33, 2l6,S31,
an increase OF g, So, 90 over 1856. On DC
tOber 81 the treasury held s214, l75, So, and
there was Sc, IN, 625 in circulation. Be
tween June 30, 1856, and October 81. 1857,
the fractional silver coin in the treasury
decreased from SIS. 90, GS1 to "a, 46S, 135,
and the minor coin from 1874 TO ISL, 400
The one and five cent pieces on hand are
not more than sufficient for payments over
the counter.
Mayor Indicted.
SAN ANTONIO, Tex, Nov. 1S.-The grand
Jury has indicted Hon. Bryan CalIaghan,
mayor Of the city Of San Antonio, and ex-
Alderman Lockwood, for conspiracy to
break up public meeting on United States
erritOry, and Gus camp-map, o million